I no longer admire L.A. I do hope that he straightens his life out, but let's face it; he defines some of the worst that professional sports has to offer.
However, the stock market annalist trend of blaming or giving credit to a single entity for market fluctuations is nothing but a bunch of nonsense imo. This simplistic excuse is designed to pacify investors that are unwilling or unable to understand stock market volatility. It is also sometimes used as a scapegoat to cover-up management failures and/or inaccurate projections imo.
The good thing is that many investors ignore this nonsense.